Now, Ángela wants to alternate her work activity with the sale of fast food in order to give her children a quality education. This is why she is requesting a loan to buy a fast food cart and supplies. Her goal is to improve her economic situation so her family can prosper.
En la actualidad Ángela desea alternar el oficio de empleada doméstica con la venta de comidas rápidas ya que desea brindarles a sus hijos una educación de calidad. Razón que la ha motivado a solicitar un crédito que invertirá en la compra de un carro de comidas rápidas y surtido.
Sueña con mejorar su condición económica y sacar su familia adelante.
More information about this loan
By supporting this loan, you're helping a borrower launch a new business!
This loan is designed for an entrepreneur who needs working capital to start a brand new business. Along with the loan, Kiva's field partner Interactuar provides counseling, training courses, and other financial resources to help new, riskier entrepreneurs set up young businesses.
Important InformationThis loan is structured on Kiva as a bullet loan, which means a single payment is required at the end of the loan term. By Colombian law, Kiva's partner Interactuar is required to offer borrowers loans with a variable interest rate that fluctuates with the market rate. Because fixed monthly payments are applied first to interest and then to principal, Interactuar is unable to predict upfront what portion of each repayment would go towards the loan principal. This creates a challenge with Kiva's system, which doesn't allow for unpredictable principal payments, and can result in some Interactuar clients appearing falsely delinquent. To remedy this, the loan has an end-of-term repayment plan on Kiva, but the borrower will continue scheduled monthly repayments to Interactuar, who will then pass along the principal amount to Kiva lenders. This means that you may see repayments made on this loan throughout the repayment term, as opposed to receiving repayment in full at the end of the loan term.
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